Quiz : Rules of Debit and Credit

Beschreibung

CBSE Central Board of Secondary Education Accountancy Quiz am Quiz : Rules of Debit and Credit, erstellt von mamta narula am 13/08/2021.
mamta narula
Quiz von mamta narula, aktualisiert more than 1 year ago
mamta narula
Erstellt von mamta narula vor mehr als 3 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
Accounts are generally of what shape?
Antworten
  • M shape
  • L shape
  • A shape
  • T shape

Frage 2

Frage
What is Bad debt?
Antworten
  • The discount given to debtor
  • The discount received from debtor
  • The amount irrecoverable from debtor as they become solvent
  • The amount irrecoverable from debtor as they become insolvent

Frage 3

Frage
The increase is debited and decrease is credited is the rule which is applicable to :-
Antworten
  • Capital account
  • Asset account
  • Revenue account
  • Liability account

Frage 4

Frage
Where is an increase in Liability, Capitals, and Revenues recorded as per the American approach?
Antworten
  • Debit
  • Credit
  • Neither Debit nor Credit
  • Both Debit and Credit

Frage 5

Frage
As per the Modern approach, accounts are classified into how many types?
Antworten
  • 5
  • 3
  • 2
  • 4

Frage 6

Frage
Sold goods to Mohan for ₹ 5,000 will
Antworten
  • Increase cash and increase Sales
  • Increase cash and decrease Sales
  • Increase debtor and increase Sales
  • Increase debtor and decrease Sales

Frage 7

Frage
Paid to creditors Rs 8,000
Antworten
  • Cash decrease Creditor decrease
  • Cash increase Creditor decrease
  • Cash increase Creditor increase
  • Cash decrease Creditor increase

Frage 8

Frage
If goods worth ₹ 7,000 are given as charity
Antworten
  • Goods account is debited
  • Goods account is credited
  • Purchases account is debited
  • Purchases account is credited

Frage 9

Frage
Sold goods to Yuvraj on Cash Rs 80,000
Antworten
  • Revenue increase & Cash decrease
  • Revenue increase & Yuvraj's account (the debtor) increase
  • Revenue increase & cash increase
  • Revenue decrease & Yuvraj's account (the debtor) decrease

Frage 10

Frage
Full form of L.F is
Antworten
  • Ledger form
  • Long folio
  • Ledger folio
  • Long Form
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